Just listed! Wonderful investment opportunity in trendy Hintonburg. The easy to maintain 4plex at 88 Fairmont Ave is just $374,900. Located in a great neighbourhood with easy access to everything, Hintonburg has recently been dubbed one of the fastest appreciating Ottawa areas. – SOLD –
The building is fully tenanted and easy to look after.
3 one-bedroom units and 1 two bedroom unit.
Gross Rent – $33,960
Property Tax – $3,533
Insurance – $2,400
Water – $1,600
Heat – $3,287
Hydro – $1,518
Net Operating Income $21,622. Cap rate exceeds the interest rates. Live in one unit and let the rest pay for you, or just buy as an investment and let your equity grow.
More info to come soon…….
Photos: To see more pictures of this property click here or click on the Property Listings link in the left margin.